## Τι είναι το Vulcan Forged (PYR);

Το Vulcan Forged (PYR) είναι ένα ολοκληρωμένο οικοσύστημα web3 που περιλαμβάνει ένα στούντιο παιχνιδιών, μια blockchain και ένα φιλόδοξο έργο Metaverse. Αυτό το οικοσύστημα έχει σχεδιαστεί για να λειτουργεί ως κέντρο για ψηφιακούς δημιουργούς, παίκτες και ενθουσιώδεις της blockchain, προσφέροντας μια ευρεία γκάμα υπηρεσιών και πλατφορμών που αξιοποιούν τη δύναμη της τεχνολογίας blockchain για να παρέχουν μια μοναδική και βυθιστική εμπειρία.

Στον πυρήνα του Vulcan Forged βρίσκεται το νόμισμα χρησιμότητας PYR, το οποίο διαδραματίζει κρίσιμο ρόλο στο οικοσύστημα. Το PYR χρησιμοποιείται για διάφορους σκοπούς εντός του οικοσυστήματος Vulcan Forged, συμπεριλαμβανομένων της εξόφλησης τελών στην αγορά, της στοίχισης σε γη VulcanVerse και άλλων περιουσιακών στοιχείων, της αναβάθμισης και διατήρησης επιπέδων παιχνιδιών, της κερδίας ανταμοιβών μέσω μηχανισμών play-to-earn και της πρόσβασης σε προγραμματιστές παιχνιδιών και το πρόγραμμα επώασης dapp NFT.

Το Vulcan Forged έχει αναπτύξει αρκετές πλατφόρμες και παιχνίδια που είναι ουσιώδη για το οικοσύστημά του. Το VulcanVerse, ένας φανταστικός μετασχηματιστής Greco-Roman, είναι ένα από τα κορυφαία έργα, που διαθέτει 10.000 οικόπεδα γης που οι χρήστες μπορούν να αποκτήσουν, να αναπτύξουν και να εξερ

### Πώς εξασφαλίζεται το Vulcan Forged (PYR);

Το Vulcan Forged (PYR) υιοθετεί μια πολυδιάστατη προσέγγιση για να διασφαλίσει την ασφάλεια του οικοσυστήματός του και την προστασία των περιουσιακών στοιχείων των χρηστών. Η βάση των μέτρων ασφαλείας του βρίσκεται στην ένταξη τρίτων ηλεκτρονικών επεκτάσεων πορτοφολιών και του Blockchain Elysium, τα οποία μαζί παρέχουν ένα στιβαρό πλαίσιο για την προστασία συναλλαγών και αλληλεπιδράσεων εντός της πλατφόρμας.

Για να ενισχύσει περαιτέρω την ασφάλεια, το Vulcan Forged χρησιμοποιεί ένα πρωτόκολλο ασφαλείας Web3. Αυτό το πρωτόκολλο είναι κρίσιμο για τη δημιουργία ασφαλών συνδέσεων και αλληλεπιδράσεων με αποκεντρωμένες εφαρμογές (dApps) στο blockchain, διασφαλίζοντας έτσι ότι τα δεδομένα και οι συναλλαγές των χρηστών προστατεύονται από μη εξουσιοδοτημένη πρόσβαση.

Τα μη καταχωρητικά κρυπτονομίσματα πορτοφόλια αποτελούν έναν ακόμη πυλώνα της υποδομής ασφαλείας του Vulcan Forged. Επιτρέποντας στους χρήστες να έχουν πλήρη έλεγχο των ιδιωτικών τους κλειδιών χωρίς να βασίζονται σε τρίτο μέρος, αυτά τα πορτοφόλια μειώνουν σημαντικά τον κίνδυνο κλοπής ή απώλειας περιουσιακών στοιχείων. Αυτή η προσέγγιση ενδυναμώνει τους χρήστες με την ευθύνη για την ασφάλειά τους, παρέχοντάς τους τα εργα

### Πώς θα χρησιμοποιηθεί το Vulcan Forged (PYR);

Το Vulcan Forged (PYR) λειτουργεί ως η γωνιαίος λίθος του οικοσυστήματος Vulcan Forged, μιας ολοκληρωμένης πλατφόρμας που περιλαμβάνει ένα στούντιο παιχνιδιών blockchain και ένα αγορά NFT. Αυτό το utility token είναι ουσιώδες για μια ποικιλία λειτουργιών εντός του οικοσυστήματος, διευκολύνοντας μια ομαλή και βυθιστική εμπειρία για τους χρήστες.

Κυρίως, το PYR χρησιμοποιείται για συναλλακτικούς σκοπούς στο blockchain Elysium, συμπεριλαμβανομένης της εξόφλησης τελών εντός της αγοράς Vulcan. Αυτό εξασφαλίζει μια ομαλή και αποδοτική εμπειρία αγοράς για την αγορά, την πώληση και το εμπόριο NFTs. Πέρα από τις συναλλαγές στην αγορά, το PYR είναι επίσης ουσιώδες για το staking. Οι χρήστες μπορούν να κάνουν staking PYR για να κερδίσουν ανταμοιβές σε LAVA, το off-chain νόμισμα αξίας του οικοσυστήματος, το οποίο ενισχύει περαιτέρω την πτυχή play-to-earn της πλατφόρμας. Αυτός ο μηχανισμός staking επεκτείνεται στη γη VulcanVerse και σε άλλα περιουσιακά στοιχεία παιχνιδιού, επιτρέποντας στους χρήστες να αναβαθμίσουν και να διατηρήσουν τα επίπεδα των περιουσιακών στοιχείων τους στο παιχνίδι.

Επιπλέον, το PYR χρησιμοποιείται ως νόμισμα διαπλατφορμικό σε διάφορους τίτλους παιχνιδιών εντός του οικοσυστήματος Vulcan Forged. Αυτό περιλαμβάνει το VulcanVerse, ένα φανταστικό metaverse εμπνε

### Ποια είναι τα κύρια γεγονότα που έχουν συμβεί για το Vulcan Forged (PYR);

Το Vulcan Forged (PYR) έχει βιώσει αρκετά σημαντικά ορόσημα που έχουν διαμορφώσει την πορεία του στον χώρο των blockchain παιχνιδιών και της αγοράς NFT. Μεταξύ αυτών, τα Gaming Challenges, το Elysium Accelerator Program και το VulCon4 ξεχωρίζουν ως καθοριστικά γεγονότα.

Τα Gaming Challenges έχουν αποτελέσει μια γωνιά λίθο για την εμπλοκή της κοινότητας, προσφέροντας στους παίκτες την ευκαιρία να συμμετέχουν σε διάφορους διαγωνισμούς εντός του οικοσυστήματος Vulcan Forged. Αυτές οι προκλήσεις δεν μόνο παροτρύνουν τη συμμετοχή μέσω ανταμοιβών, αλλά επίσης ενισχύουν μια ζωντανή και δραστήρια κοινότητα γύρω από τα παιχνίδια και τις προσφορές της πλατφόρμας.

Το Elysium Accelerator Program αντιπροσωπεύει τη δέσμευση του Vulcan Forged για καινοτομία και ανάπτυξη εντός του χώρου των blockchain παιχνιδιών. Υποστηρίζοντας προγραμματιστές και έργα που επιθυμούν να κατασκευάσουν στο blockchain Elysium, το Vulcan Forged καλλιεργεί ένα ποικίλο οικοσύστημα παιχνιδιών και εφαρμογών. Αυτή η πρωτοβουλία είναι κρίσιμη για την επέκταση του οικοσυστήματος Vulcan Forged, παρέχοντας πόρους και υποστήριξη για να φέρει στη ζωή νέα και συναρπαστικά έργα.

Το VulCon4 τονίζει την αφοσίωση του Vulcan Forged στην εμπλοκή της κοινότητας και τη συνεργασία στον κλάδο. Διοργανώνοντας τέτοιες εκδηλώσεις, το Vulcan Forged δημιουργεί ευκαιρίες για δικτύωση, μ



Vulcan Forged (PYR)

## What Is Vulcan Forged (PYR)?

Vulcan Forged is a blockchain game studio and NFT marketplace. They are the makers of VulcanVerse.

PYR  is the native utility token that is used for:

* Fees for marketplace settlement
* Staking in VulcanVerse land and other assets
* Upgrading and sustaining game asset levels
* Play-to-earn rewards
* Access to our game developers and NFT dapp incubation program 

Vulcan Forged Platforms and games include:

*VulcanVerse, a Grece-Roman fantasy metaverse made up of 10,000 plots of land
* Anvil, a crypto-less and gas-free NFT engine for easy game and dApp onboarding
* Vulcan Market, a gas free NFT marketplace for all Vulcan Forged games
* Berserk, an NFT online TGG
* Frenzy, a create-your-own tournament platform with PYR as it’s reward token.


## How Many PYR Coins Are There in Circulation?

There are 50 million PYR tokens created. 20 million of them are max circulation. Another 10 million will be used for play-to-earn pools and staking, using the off-chain value LAVA to determine your p

### Who Are the Team at Vulcan Forged?

Vulcan Forged consists of 30 core members spread out over Greece, UK and Ukraine. Their main office is located in Athens, Greece, with 9 in-house and led by CEO Jamie Thomson. Core team members are available at vulcanverse.com/team.html


### Where Can I Buy PYR?

For now, PYR is available at https://info.uniswap.org/token/0x9534ad65fb398e27ac8f4251dae1780b989d136e (Uniswap) and https://info.quickswap.exchange/token/0x348e62131fce2f4e0d5ead3fe1719bc039b380a9 (Quickswap).

Binance

Trust Wallet

MetaMask

Vulcan Forged is an established non-fungible token (NFT) game studio, marketplace, and dApp incubator with 10+ games, a 20000+ community, and top 5 NFT marketpl

Ethereum

Shiba Inu

Chainlink

Uniswap

UNUS SED LEO

Keep Network

Bounce Token

Lido Staked Matic

Phala Network

Request

LeverFi

Milady Meme Coin

Polygon Ecosystem Token

Status

Euro Cup Inu

Lybra Finance

OpSec

FOGNET

Joe coin

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.

To learn more about this project, check out our deep dive of Illuvium.

The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that best them in battle and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay.

The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts.

Illuvium has been in development since 2020, and is being built by a worldwide team of more than 40 individuals, including the co-founders; serial entrepreneur and early cryptocurrency adopter Kieran Warwick, and experienced game designer Aaron Warwick, who are brothers. (And who are coincidentally also the brothers of Kain Warwick, the co-founder of DeFi platform Synthetix).

The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO).

Illuvium

Ultra is a publishing platform and ecosystem for video games and video game content. Ultra’s mission is to do away with the current monopoly held by publishing platforms like Steam and provide new opportunities to game developers, players, and influencers. Ultra promises a solution that is more equitable to players and developers alike. Players can benefit from immediately playable games, earn UOS by using the platform, and access platform-exclusive games. At the same time, developers benefit from access to more effective marketing tools and the potential for 20% higher sales revenue.

Besides content and game publishing, Ultra offers a demand-side and service-side platform for advertisers, the opportunity for players to resell their used games, and a platform-exclusive app.

Ultra

Seedify.fund(SFUND) Seedify is a blockchain gaming-focused incubator and launchpad that empowers innovators and project developers through access to funding, community and partnership building, and a full support system to help drive the future of gaming and blockchain. Its ecosystem also includes an NFT launchpad for gaming and metaverse assets, along with the industry's first gaming-and-metaverse-asset-centric NFT marketplace, Seedify NFT Space.

Featuring an IGO launchpad with a tiered allocation mechanism, Seedify enables $SFUND holders to stake their tokens and earn staking rewards while gaining access to quality, procured blockchain gaming projects through private sales and initial game offerings. The launchpad's tier system consists of nine tiers. Tier 1 uses a lottery-based allocation process, while tier 2 to 9 participants enjoy guaranteed allocation.

Along with IGOs, stakers can also participate in initial NFT offerings (INOs) and initial metaverse offerings (IMOs) on Seedify's NFT Launchpad. Additionally, staking $SFUND, gives holders the opportunity to receive tokens from the projects that have been selected and supported by Seedify's incubation program.

Committed to bringing the opportunities offered through blockchain gaming and the play-to-earn model to billions around the globe, the Seedify team has established key relationships with numerous VCs and industry peers, to build an extensive support network for blockchain gaming and metaverse startups.

Interested game industry innovators submit their project proposal to the Seedify

Seedify acts as a launching pad for blockchain games and the disruptive play-to-earn gaming model. The gaming industry is gradually entering a new era — previously gamers may spend large sums of money on in-game items with no direct monetary benefits. However, they are now able to make money by earning in-game item non-fungible tokens (NFTs) and tokens, which is facilitated by the play-to-earn revolution.

Blockchain technology has not only opened up more opportunities for gamers and game developers, but it has also offered additional forms of benefits like transparency, ownership, incentive models and digital ownership through NFTs.

The team behind the Seedify project are pursuing a global goal: to acquaint gamers with the blockchain and increase the rate of technology adoption, attract a huge number of users, create more jobs and financial benefits.

Seedify.fund

SuperVerse

Nakamoto Games

Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. Verasity also provides payment solutions and a rewarding staking ecosystem with 15% yields guaranteed through to April 2024.

Powered by a mix of artificial intelligence (AI), machine learning (ML), and cutting-edge blockchain technologies, Verasity is building the most powerful advertising ecosystem in the world through VeraViews; developing an open-access payments platform through VeraWallet, the VeraCard, and VeraPay; and enhancing the attention economy through its patented Rewarded Video module.

Verasity

Wilder World

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

Immutable

Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.

It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.

This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.

Moonriver

Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.

On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.

By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.

The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) of Founder’s Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder’s Node network’s foundational workload, individual projects can also create Node networks on GalaChain with more specific workloads.

Gala.com
News.Gala.com
Games.Gala.com
Music.Gala.com
Film.Gala.com

Gala

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.

Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.

Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS).

The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.

Injective’s core exchange module provides state-of-the-art capabilities including an advanced on-chain order book and matching engine for spot, perpetual, futures and options markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users.

Injective natively uses IBC and is highly-interoperable with multiple layer 1s, including, but not limited to, Polygon and Solana (through an upcoming Wormhole integration). It is also uniquely built to be interoperable with Ethereum, through its own decentralized ERC-20 token bridge, making Injective the first network within the Cosmos ecosystem to natively support Ethereum assets.

Smart contracts are implemented on Injective through CosmWasm, allowing for multi-chain smart contract transactions to occur seamlessly. Injective, however, is the only blockchain that enables automatic smart contract execution. This capability serves as a powerful building block for developers to create novel use cases that would not be possible on any other chain.

The use cases intended for INJ include but are not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking. Further details regarding each of these use cases can be found below:

Protocol Governance: The INJ token governs every single component of Injective, including chain upgrades. Since its mainnet launch, the Injective community has actively contributed to governance, with all proposals passing through a DAO governance vote. The comprehensive governance page is available here.

Protocol Fee Value Capture: 60% of all fees generated from dApps enter an on-chain buy-back-and-burn auction to maintain the deflationary nature of INJ. The burn auction page is available here.

Tendermint-based Proof-of-Stake (PoS) Security: INJ is used to secure the Injective blockchain using a proof-of-stake mechanism. Validators and delegators can both participate in staking.

Developer Incentives: 40% of fees generated by users on dApps built on Injective go directly towards incentivizing new developers building on Injective which brings an ever growing funnel of builders to Injective.

Injective

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token.
During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

Render

Myria

The $BEAM token serves as the native crypto asset for the Beam network, a gaming network empowered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. One of its core components is the Beam SDK, which is a flexible software development kit that enables game developers to choose between a variety of tools that can be used to fuel and structure their in-game blockchain elements.

To interact with Beam, $BEAM is required. This is the native crypto asset used within the Beam network to pay for transactions. This not only includes transfers of assets but also involves all interactions with smart contracts on the Beam network, facilitating a seamless, immersive gaming experience.

Besides functioning as a gas token that fuels the Beam network, $BEAM is the heart of the governance of the Merit Circle DAO. This decentralized autonomous organization (DAO) was brought to live in early 2021 to revolutionize the gaming industry. The $BEAM token allows its holders to participate in governance of this DAO.

Beam

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.

To learn more about this project, check out our deep dive of Arweave.

The Arweave network uses a native cryptocurrency, AR, to pay "miners" to indefinitely store the network's information.

The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.

Arweave

Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in  use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.

Fetch.ai

JOE (JOE) is the native token of Trader Joe, a decentralized exchange (DEX) on the Avalanche (AVAX) blockchain that offers DeFi services, including swapping, staking and yield farming. The exchange has been growing rapidly, attracting over $4 billion in total value locked (TVL) since it was launched in June 2021. Trader Joe claims to take a community-first approach, and to prioritize innovation, speed and safety. It aims to provide a one-stop-shop DeFi experience and to integrate new products without compromising on security. To achieve this, Trader Joe has outlined an ambitious roadmap that focuses on token-holder growth. It plans to have improved staking, non-fungible-token (NFT) exchange listings, the collateralization of the JOE token, and leveraged trading –– all during 2021.

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.